Archive for January 3rd, 2013

How the Dow Jones industrial average fared

January 3, 2013
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A two-day rally in the stock market came to an end Thursday afternoon when an account of the Federal Reserve‘s last meeting revealed a split between bank officials over how long the Fed should keep buying bonds to support the economy.
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Stocks fade after Fed discloses split on stimulus

January 3, 2013
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NEW YORK (AP) — A two-day rally in the stock market came to an end Thursday afternoon when an account of the Federal Reserve‘s last meeting revealed a split between bank officials over how long the Fed should keep buying bonds to support the economy.
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Congress 2013: New members, old divide

January 3, 2013
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WASHINGTON (AP) — The House and Senate ushered in a new Congress Thursday, hewing to tradition and hailing one of its own who returned a year after being felled by a stroke.
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The courage of Boehner and McConnell

January 3, 2013
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By Walter Shapiro If John Kennedy had not written “Profiles in Courage,” today we might have a more realistic understanding of political valor. But JFK’s 1957 Pulitzer Prize-winning book so raised the bar for bravery in public life that it now seems obvious that no modern figure can measure up.
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Macy’s key revenue figure rises in December

January 3, 2013
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CINCINNATI (AP) — Macy‘s said Thursday that revenue in stores open at least one year rose 4.1 in December, edging past Wall Street estimates.
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Wall Street dips as profits booked after rally

January 3, 2013
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NEW YORK (Reuters) – U.S. stocks edged lower on Thursday as investors locked in gains after a rally Wednesday, which was spurred by a deal by U.S. lawmakers to avert a “fiscal cliff” of austerity measures that had been due to kick in this year.
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Clothing retailer Gap to buy Intermix for $130 million – WSJ

January 3, 2013
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(Reuters) – Gap Inc will buy women’s fashion boutique Intermix Inc for $130 million (80 million pounds) to enter the luxury clothes market, the Wall Street Journal reported.
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Direct impact: ‘Fiscal cliff deal gets a ‘C’ in my book’

January 3, 2013
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The ink was still wet on Congress‘ fiscal-cliff fix Wednesday morning when Americans started lumping themselves into the winners and losers circles.
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Exclusive: McConnell defends ‘imperfect’ fiscal cliff deal

January 3, 2013
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Editor’s note: This op/ed is by Senate Republican Leader Mitch McConnell, R-Ky.
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Stocks soar on budget deal, but problems lurk

January 3, 2013
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NEW YORK (AP) — The “fiscal cliff” compromise, even with all its chaos, controversy and unresolved questions, was enough to ignite the stock market on Wednesday, the first trading day of the new year.
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